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Investments glossary

Mill Rate


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Quotes of the day:

Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.

— Christian Schulz

The mill rate is the amount of tax payable per dollar of the assessed value of a property. The mill rate is based on mills. It is a figure that represents the amount per $1,000 of the assessed value of the property, which is used to calculate the amount of property tax.


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